Auckland offices vacant as capital feels the squeeze

April 28, 2011 Leave a comment

New Zealand’s largest office space investor sees a stark contrast in our two largest cities, with a shortage of prime space in Wellington as its new Auckland building lies almost empty.

AMP NZ Office Trust, which owns $1.3 billion in prime office space in Wellington and Auckland, reported a 12 per cent rise in distributable profits to $47 million for the nine months to March 31 yesterday.

Chief executive Rob Lang said despite the backdrop of a weak economy, the trust’s occupancy level in the capital was at 98.6 per cent, with demand from businesses for more…….

Read the full article here > http://www.stuff.co.nz/business/industries/3618624/Auckland-offices-vacant-as-capital-feels-the-squeeze

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Real estate company in receivership

March 19, 2011 Leave a comment

The real estate company set up by a Vietnamese refugee who arrived in New Zealand as a nine-year-old and became a multi-millionaire has been put into receivership.

Don Ha Real Estate, part of the Ray White Group, was placed in receivership on Thursday. Timothy Davies and David Ruscoe of Grant Thornton were appointed receivers and have taken over all the firm’s properties and assets.

Read the full article here > http://www.stuff.co.nz/business/industries/4787822/Real-estate-company-in-receivership

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Christchurch – Our city now

March 19, 2011 Leave a comment

The following footage shows you what Christchurch looks like now.

 

 

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List SPACE WANTED on Findspace

March 1, 2011 1 Comment

If you are looking for commercial space due to the earthquake you can list your request on Findspace.

Just enter details as you would if you were looking for space but in the address filed enter in what you are after, e.g. Office Space Wanted etc.  Use a Post Code of 8000 if you want space somewhere in Christchurch.

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Can you help businesses from the Christchurch CBD?

February 27, 2011 1 Comment

Many, many businesses within Christchurch, ourselves included, have been affected by the Earthquake both in relation to the cordon and the large destruction of buildings.

If you have any spare space in Christchurch, outside the CBD, that is available for affected business then list it for free on Findspace.  We have created a new ‘earthquake’ plan to list this space which will take priority over all other listings.

Every bit of free space will help from small office areas to larger warehouse space.  Thank you in advance for your assistance here as what has happened in Christchurch is terrible.

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Australia’s office property market rebounds

February 15, 2011 Leave a comment

Demand for Australia’s office market has rebounded from the global financial crisis, but a sustained recovery is contingent on greater confidence about economic growth fundamentals, according to a new report.

Total market vacancy declined to 9.5% over the half year to January 2011, with demand strongest in CBD markets, the Property Council’s latest Office Market Report shows. Net absorption, the best indicator of demand for office space, was 302,673sqm over six months to January 2011.

Read the full article here > http://www.propertywire.com/news/australasia/australia-office-property-market-201102094937.html

 

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How well do you know Auckland or Wellington?

February 15, 2011 Leave a comment

GPSmyCity.com has recently developed tour guide Iphone applications for the cities of
Wellington and Auckland and would like to sponsor a quiz contest on one of them.

Would you consider featuring this on your blog. The readers who correctly answers most of the questions, will win three free city walk iPhone applications developed byGPSmyCity.com.

To enter complete either of these quizzes:

Here for Auckland

Here for Wellington

Good luck.

 

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Commercial Real Estate Lease Agreements

February 1, 2011 Leave a comment

If you are after copies of the widely used Auckland District Law Society and/or CCH Lease agreements you can purchase them online at VirtualRealty.

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